The founders of Three Arrows Capital, Kyle Davies and Zhu Su, are not cooperating with liquidators after their crypto hedge fund filed for bankruptcy, according to Bloomberg. In court documents, Teneo, the advisory firm expected to liquidate the remaining assets of Three Arrows, said that Davies and Zhu had not been giving “meaningful cooperation” throughout… Continue reading The founders of bankrupt crypto hedge fund Three Arrows Capital are reportedly not cooperating with liquidators and their whereabouts are unknown
Soaring energy prices help Russia push its current account surplus to a record $70.1 billion in the second quarter despite sanctions
In the second quarter of 2022, Russia’s current account surplus hit $70.1 billion, its highest mark since at least 1994, according to Russian central bank data released Monday. Exports dipped to $153.1 billion from $166.4 billion in the first quarter, but imports saw a steeper decline, falling to $72.3 billion from $88.7 billion. For the… Continue reading Soaring energy prices help Russia push its current account surplus to a record $70.1 billion in the second quarter despite sanctions
The Fed will likely choke off an economic rebound then change course as markets enter a new era of volatility, BlackRock says
BlackRock warned Monday of increased market volatility as the Federal Reserve and other central banks try to rein in inflation and avoid a steep downturn. Analysts at the world’s largest asset holder said that policymakers are tackling inflation the wrong way, by using rate hikes to address problems caused by production constraints. “The Federal Reserve,… Continue reading The Fed will likely choke off an economic rebound then change course as markets enter a new era of volatility, BlackRock says
Oil is being tamed by recession fears but Russia’s ‘weaponization’ of commodities could push prices higher again, RBC’s commodities chief says
Oil prices are being contained by fears of a recession , but that could change in the second half of this year, as Western nations risk retaliation from Russia in advance of European sanctions kicking in, RBC global commodities head Helima Croft said. “My bet is that we’re going to see further Russian action in… Continue reading Oil is being tamed by recession fears but Russia’s ‘weaponization’ of commodities could push prices higher again, RBC’s commodities chief says
Natural gas prices are straining economies and industries around the world, and experts say the global supply crunch won’t get much better
The natural gas market is still in a state of crisis in response to Russia’s invasion of Ukraine and isn’t likely to get better while war in Europe rages on. A report from the International Energy Agency states that natural gas is no longer the reliable and low-cost energy source it once was, and that… Continue reading Natural gas prices are straining economies and industries around the world, and experts say the global supply crunch won’t get much better
The S&P 500 will eke out a small gain this year as the index recovers first half losses on the back of a solid economy, Oppenheimer says
Oppenheimer this week slashed its outlook for the S&P 500, stating that the benchmark index will do worse than the firm had expected but will still jump 25% through the rest of the year to end 2022 with a small gain. Oppenheimer chief investment strategist John Stoltzfus revised his end-of-year target for the S&P 500 to… Continue reading The S&P 500 will eke out a small gain this year as the index recovers first half losses on the back of a solid economy, Oppenheimer says
GOLDMAN SACHS: These 13 stocks have the most dramatic upside as equities slowly recover from their bear market plunge — including 8 that will more than double in value over the next year
Goldman Sachs says US stocks have 10% upside overall for the remainder of 2022. Like many firms, Goldman sees a stock picker’s market ahead. Chief US Equity Strategist David Kostin says eight names could double in value over the next year. Like many of its Wall Street brethren, Goldman Sachs has steadily lowered its expectations… Continue reading GOLDMAN SACHS: These 13 stocks have the most dramatic upside as equities slowly recover from their bear market plunge — including 8 that will more than double in value over the next year
At-home bitcoin miners are getting crushed by the crypto sell-off and energy inflation. Here’s how they’re cutting costs.
This brutal crypto winter has already claimed billion-dollar companies as victims — but it’s also making life much tougher for fans who mine bitcoin from their spare room or garage. These hobbyists, who would typically use GPU rigs to pull in hundreds of dollars worth of cryptocurrency a month, have seen their profits plummet and… Continue reading At-home bitcoin miners are getting crushed by the crypto sell-off and energy inflation. Here’s how they’re cutting costs.
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